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counteroffer to president obama's plan to keep us from falling over the fiscal cliff after the white house sent geithner to the hill last week outlining the democrats' plan which the republicans called "a joke." we are less than a month from going over the fiscal cliff and the term economists call the series of spending cuts and expiring tax breaks that will take effect the first of the year. that could cost millions of jobs and lead to a new recession. it is basically austerity on steroids. republicans with their counteroffer today again reject the president's plan if higher taxes on families earning more than $250,000 a year. wendell is live at the white house. if they reject that i don't know how far this will go. the president could blink but his eyes seem wide open. >>reporter: it is a nonstarter if they reject continuing the upper income tax cuts. the republicans say the plan cuts the deficits by $4.6 trillion based on the white house method of counting based on the recommendations of the president's deficit reduction commission but the president could disagree. the republicans
counteroffer to president obama's plan to keep us from falling over the fiscal cliff after the white house sent geithner to the hill last week outlining the democrats' plan which the republicans called "a joke." we are less than a month from going over the fiscal cliff and the term economists call the series of spending cuts and expiring tax breaks that will take effect the first of the year. that could cost millions of jobs and lead to a new recession. it is basically austerity on...
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i think you'll see something a lot different in the fiscal cliff negotiations from the white house than you saw in say the government shut down negotiations a year ago. you are going to see a much more campaigning, much more campaign-like president obama in the next month. jon: you know, some sort of even partial -- neutral observers are saying that the obama campaign won in part because they did a much better job of harnessing the power of social media in this election and driving their voters to the polls. if that succeeded for them in the election, can they do it when it comes to governing? can they make the country, you know, embrace tax increases, for instance. >> yeah it's a huge question. i think there are folks who think that it can work the same way. there are a lot of others who really question whether or not those sorts of tactics, and, you know, the list and voter contacts that ofa built in a campaign context, do they work on capitol hill and governing. there are some doubts there but i don't think there is any doubt that the white house has chosen this course and we are goi
i think you'll see something a lot different in the fiscal cliff negotiations from the white house than you saw in say the government shut down negotiations a year ago. you are going to see a much more campaigning, much more campaign-like president obama in the next month. jon: you know, some sort of even partial -- neutral observers are saying that the obama campaign won in part because they did a much better job of harnessing the power of social media in this election and driving their voters...
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cliff." susan mcginnis reports, key players took to the sunday talk shows to make their stances known. >>> reporter: the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act, america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. treasury secretary timothy geithner was here on capitol hill last week to present the president's plan to congress. >> i was flabbergasted. you can't be serious! >> reporter: president obama wants $1.6 trillion on the rich, $400 billion in cuts to entitlement programs and billions in more spending. >> reporter: mitch mcconnell laughed at geithner during their meeting last week. now geithner says if republicans don't like the plan, it's up to them to present their own ideas. >> what we can't do is try to figure out what works for them.
cliff." susan mcginnis reports, key players took to the sunday talk shows to make their stances known. >>> reporter: the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act, america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover....
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cliff. > >> i said you can't be serious. we have 7 weeks went election and the end of the year and three those weeks have been wasted. bill: flabbergasted, rich. wasting time. three weeks gone by. >> well, yeah, i think this offer speaks more to a desire on the part of the white house to break and humiliate republicans than it does to have a serious negotiation. on the other hand way these things work. you can pretty much go to sleep until right at the end, then it's days before it's goark yaitd. but it wouldn't surprise me if we do go over the cliff. they should pass an extension of all these tax cuts, make it clear they want to keep them for everyone including have much for the middle class. john boehner should say we passed this out of the house. let's see harry reid and the democrats pass this out of the senate. bill: i get the impression both sides are miles apart from the deal. and i'm told by smart people i'm dead wrong on that. are you of mind a or mind b, rich? >> i don't think ther
cliff. > >> i said you can't be serious. we have 7 weeks went election and the end of the year and three those weeks have been wasted. bill: flabbergasted, rich. wasting time. three weeks gone by. >> well, yeah, i think this offer speaks more to a desire on the part of the white house to break and humiliate republicans than it does to have a serious negotiation. on the other hand way these things work. you can pretty much go to sleep until right at the end, then it's days before...
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public opinion on their side over negotiations against house republicans on the so-called fiscal cliff. the president himself tweeted out plans for the q and a a short time ago saying he'll answer questions about the cliff, his proposal and pending tax hikes on the official white house twitter feed. press secretary jay carney insisted the white house is still optimistic it can reach a deal with congressional republicans. >> there has been progress, and we can achieve a bipartisan agreement. the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessary without raising rates on the top 2%. >> and there are just 29 days to go for the two parties to find some sort of middle ground, and joining me now from the white house nbc news correspondent kristen welker. what's the back story on this it twitter q and a for the president, which should start any minute now? >> reporter: that's right. this is part of president obama's full court press to get the public on board to pressure republicans to sign
public opinion on their side over negotiations against house republicans on the so-called fiscal cliff. the president himself tweeted out plans for the q and a a short time ago saying he'll answer questions about the cliff, his proposal and pending tax hikes on the official white house twitter feed. press secretary jay carney insisted the white house is still optimistic it can reach a deal with congressional republicans. >> there has been progress, and we can achieve a bipartisan...
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avert that fiscal cliff. the obama administration has laid out its plan calling for $1.6 trillion in new taxes. that includes letting the bush era tax cuts expire for those earning more than $250,000 a year. it's also pushing for a new $50 billion stimulus package and offering $400 billion in new cuts to medicare and other entitlement programs. but republican house speaker john boehner flatly rejected the plan on the table and what he calls the white house's unwillingness to compromise. >> i was just flabbergasted. i looked at him, i said, you can't be serious. i've never seen anything like it. you know, we've got seven weeks between election day and the end of the year. and three of those weeks have been wasted with this nonsense. >> you know, i think right now the best thing to do is for them to come to us and say, look, here's what we think makes sense. we've told them what we think makes sense. what we can't do is try to figure out what's going to be good for them. they have to come tell us. >> house mino
avert that fiscal cliff. the obama administration has laid out its plan calling for $1.6 trillion in new taxes. that includes letting the bush era tax cuts expire for those earning more than $250,000 a year. it's also pushing for a new $50 billion stimulus package and offering $400 billion in new cuts to medicare and other entitlement programs. but republican house speaker john boehner flatly rejected the plan on the table and what he calls the white house's unwillingness to compromise....
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to budge on those income tax rates but the white houses drawing a line over this. >> what do we know about plans for this week? i mean, apart from everybody spouting off hot air on talk shows do they have -- i'm sorry to be so crass but i'm getting a little annoyed by all the talk at us. >> reporter: yeah. >> instead of with each other. do they have any meetings planned? >> reporter: i'm not saying it's not an annoying process and i think americans feel exactly that way. there's no official meetings right now between the white house and congressional leaders. of course, there are meetings going on behind the scenes and contacts between the white house and congressional republicans but nothing official. president obama is taking this sort of outside strategy where as we saw him last week he goes outside of washington. he'll be giving remarks to the business roundtable this week, meeting with business leaders tomorrow. other stakeholders this week and he's trying to kind of put some pressure on congress and learn from a mistake that he made you might say during say the debt ceiling neg
to budge on those income tax rates but the white houses drawing a line over this. >> what do we know about plans for this week? i mean, apart from everybody spouting off hot air on talk shows do they have -- i'm sorry to be so crass but i'm getting a little annoyed by all the talk at us. >> reporter: yeah. >> instead of with each other. do they have any meetings planned? >> reporter: i'm not saying it's not an annoying process and i think americans feel exactly that way....
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. >>> negotiations on a looming fiscal cliff have gone exactly nowhere. the latest white house offer presented by treasury secretary tim geithner included $400 billion in unspecified medicare cuts and no more limit on how much the government can borrow. and then there's the tax hike on higher-earning americans. republicans aren't buying it. >> there is just no reason why 98% of americans have to see their taxes go up because some members of congress on the republican side want to block the tax rate increases for 2% of the wealthiest americans. >> i'm just flabbergasted. i looked at him and said, you can't be serious. i just have never seen anything like it. >> if they cannot reach a deal by new year's day, nearly every american will end up paying more in taxes. >>> public school students in five states will soon spend a lot more time in the classroom. a new three-year pilot program will be announced today in colorado, connecticut, massachusetts, new york, and tennessee. 20,000 students at those select schools will spend an extra 300 hours per term in clas
. >>> negotiations on a looming fiscal cliff have gone exactly nowhere. the latest white house offer presented by treasury secretary tim geithner included $400 billion in unspecified medicare cuts and no more limit on how much the government can borrow. and then there's the tax hike on higher-earning americans. republicans aren't buying it. >> there is just no reason why 98% of americans have to see their taxes go up because some members of congress on the republican side want to...
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they will be forced to raise taxes or else we go over that fiscal cliff? >> they are a bit backed into a corner. when you look at the lay of the land, the white house and democrats are confidence they have leverage that's because they have some here. yes, they are backed up into a corner a bit because tax rates, at least on some americans, are going to be increasing at the end of the year, no matter what. >> right. >> as you know, it's set to expire, those bush era tax rates are set to expire at the end of the year for all americans. you know, at this point the white house and democrats feel like they have enough leverage to dig in and say they have to stay in place for the middle class or really for the first $250,000 in earnings, but beyond that wealthy americans are going to have to pay more money. the question now is does the country hit this cliff with these spending cuts and the tax increases that could send the country into recession next year or is it going to be a more thought out plan that includes entitlement reform, tax reform, spending cuts an
they will be forced to raise taxes or else we go over that fiscal cliff? >> they are a bit backed into a corner. when you look at the lay of the land, the white house and democrats are confidence they have leverage that's because they have some here. yes, they are backed up into a corner a bit because tax rates, at least on some americans, are going to be increasing at the end of the year, no matter what. >> right. >> as you know, it's set to expire, those bush era tax rates...
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. >>> the white house has just responded to the new fiscal cliff offer from house republicans. let's bring in our chief white house correspondent jessica yellin. jessica, how's the response? >> reporter: hi, wolf. it should not be a surprise that the white house is dismissing the house republicans' offer as an unserious offer because it does not address a raise in tax rates. here's a statement from dan pfeiffer, the communications director here at the white house. he says in a statement in part, quote, the republican letter released today does not meet the test of balance. in fact, it actually promises to lower tax rates for the wealthy and sticks the middle class with the bill. the republicans' plan includes nothing new and provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve. he goes on to say, until the republicans in congress are willing to get serious about asking the wealthiest to pay slightly higher tax rates, we won't be able to achieve a significant, balanced approach to reduce our de
. >>> the white house has just responded to the new fiscal cliff offer from house republicans. let's bring in our chief white house correspondent jessica yellin. jessica, how's the response? >> reporter: hi, wolf. it should not be a surprise that the white house is dismissing the house republicans' offer as an unserious offer because it does not address a raise in tax rates. here's a statement from dan pfeiffer, the communications director here at the white house. he says in a...
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. >>> republicans and democrats are in a stalemate in negotiations to avoid that "fiscal cliff." as susan mcginnis reports, key players took to the sunday talk shows to make their case. >> reporter: the white house is already decorated for the holidays, but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act, america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. treasury secretary timothy geithner was on capitol hill to present the plan to congress. >> i was flabbergasted. i looked at him, i says, you can't be serious. >> reporter: president obama wants $1.6 trillion in new taxes on the rich, $400 billion in cuts to entitlement programs, such as medicare, and $50 billion in stimulus spending. >> the president and the white house have had three weeks and this is the best we've got?! >> reporter: mitch mcconnell laughed at them last week. now geithner says if they don't like the president's plan, the
. >>> republicans and democrats are in a stalemate in negotiations to avoid that "fiscal cliff." as susan mcginnis reports, key players took to the sunday talk shows to make their case. >> reporter: the white house is already decorated for the holidays, but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act, america will ring in the new year with $110 billion in spending cuts and a...
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that fiscal cliff, just 29 days until everyone's taxes go up and the white house and congress are absolutely deadlocked right now. >> both sides seeming farther apart than ever. both sides saying, it's your turn to blame. we'll see what happens. >>> also this morning, startling video. it's a little tough to watch but it is okay. it's a prank by a television host setting this magician's hair on fire. now, the magician is okay. he's recovering in the hospital. >> wow. >> what? >> but he is accusing the host of that show of a criminal act. looking at that videotape, it's hard to believe this was any kind of a stunt, as the host claims. >> hard to believe he's okay. >> thank goodness he's okay. >>> wow, also ahead on the show. very special guest today. heidi klum is with us live. here's what she was up to this weekend. looking so glorious. you remember that was supposed to be her halloween costume. hurricane sandy put it on hold and she did a wonderful benefit. to help those who needed it. >> she'll be appearing in full facial crystal this morning. >> is she? >> i'm just kidding. >> i'm wearing
that fiscal cliff, just 29 days until everyone's taxes go up and the white house and congress are absolutely deadlocked right now. >> both sides seeming farther apart than ever. both sides saying, it's your turn to blame. we'll see what happens. >>> also this morning, startling video. it's a little tough to watch but it is okay. it's a prank by a television host setting this magician's hair on fire. now, the magician is okay. he's recovering in the hospital. >> wow....
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solution here to the fiscal cliff. we now know that we're 29 days away before the massive spending cuts and tax increases go into effect automatically the beginning of the year. the white house presented their plan and now just today we're getting news on the side of the republicans. ali velshi, chief business correspondent, let me bring you in. the first major difference, let's be crystal clear and run through this proposition, the fact that they want to extend the bush era tax cuts for everybody. >> right. something that some 67% of americans said that they don't agree with, something the white house says is a nonstarter. however, they have put a proposal forward. i suppose if you're negotiating, you don't put first proposal forward, the one you're going to end up with. this is from house speaker john boehner in a 2 1/2 page letter to the president, it proposes $2.2 trillion in cuts. and let me show you how they get there. $800 billion in tax reform. that is closing loopholes and credits. $600 billion in health care
solution here to the fiscal cliff. we now know that we're 29 days away before the massive spending cuts and tax increases go into effect automatically the beginning of the year. the white house presented their plan and now just today we're getting news on the side of the republicans. ali velshi, chief business correspondent, let me bring you in. the first major difference, let's be crystal clear and run through this proposition, the fact that they want to extend the bush era tax cuts for...
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that's right. 29 days until the fiscal cliff. the real deadline could be even closer. one of the negotiators tells cbs news that to actually get the deal done by the end of the year a plan needs to be in place by but at nd-december. ut at the moment, very few are optimistic about that. >> t >> there's no path to an ag agreement. thates not involve republicans acknowledging that rates have to go up for the wealthiest americans. geithneury secretary tim ompromisetalked tough on sunday. promising any compromise must n thede a tax rate increase on the wealthy. >> the only thing that stands in the way of an agreement that's wa ood for the american economy is that a group of republicans weade they're going to block e's increase in tax rates on wealthy americans. >> reporter: geithner says he's optimistic a deal is possible. even as a key negotiator tells bs news the deadline to reach 15tromise is december 15th. e foress needs time for the rocessative process to work. to the house and senate to pass presidentnd for the president to sign it by december 31st. >> right now i wou
that's right. 29 days until the fiscal cliff. the real deadline could be even closer. one of the negotiators tells cbs news that to actually get the deal done by the end of the year a plan needs to be in place by but at nd-december. ut at the moment, very few are optimistic about that. >> t >> there's no path to an ag agreement. thates not involve republicans acknowledging that rates have to go up for the wealthiest americans. geithneury secretary tim ompromisetalked tough on...
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reaches a fiscal cliff. at that rate, talks are going slow. the u.s. seems poised to go over the edge. wendell goler live at the white house. okay, does everyone have like the calendar in front of them realizing what the date actually is? >> it's a high stakes poker game. each side waiting for the other to show its cards. the white house demanding republicans say how much they're willing to raise taxes and republicans demanding the white house list the spending cuts. democrats are willing to accept. there is, as you say, less than month before the deadline and realistically, there may be less time than that given the need for congress to actually write legislation. house speaker john boehner said on fox news sunday, right now they've got nothing to start with. >> i would say we're nowhere, period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. they've actually asked for more rev
reaches a fiscal cliff. at that rate, talks are going slow. the u.s. seems poised to go over the edge. wendell goler live at the white house. okay, does everyone have like the calendar in front of them realizing what the date actually is? >> it's a high stakes poker game. each side waiting for the other to show its cards. the white house demanding republicans say how much they're willing to raise taxes and republicans demanding the white house list the spending cuts. democrats are willing...
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plan for avoiding the fiscal cliff. >>> if you follow the pope spiritually, you can now do it virtually. and this is very cool. pope benedict xvi's twitter account went live in seven languages today and it's got thousands of followers just within minutes even though the pope hasn't sent out a tweet yet. we're told that is to happen next wednesday. it is a bit, weird, isn't it? you have a twitter account and you to wait a week and a half for the pope to tweet. the pope says he'll kick off the twitter account with a q & a session. >> whenever the vatican does something really big and important, they always do it in multiple languages which is why they're doing this twitter feed in english and german and arabic. what will happen on wednesday is he'll be answering some questions on twitter. one of the reasons they said he wanted to get involved with this social networking site was he wanted to connect with people in social media. and so what better way than to take a few questions, #askpo questions, #askpontifex. >> every tweet will be seen and approved by the pope and it is unlikely he'll
plan for avoiding the fiscal cliff. >>> if you follow the pope spiritually, you can now do it virtually. and this is very cool. pope benedict xvi's twitter account went live in seven languages today and it's got thousands of followers just within minutes even though the pope hasn't sent out a tweet yet. we're told that is to happen next wednesday. it is a bit, weird, isn't it? you have a twitter account and you to wait a week and a half for the pope to tweet. the pope says he'll kick...
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in here at the end of the year, the consequences are very dire and following the election the white house and democrats think that they can really push republicans into a corner here. >> brianna keilar for us. thank you. just ahead we're going to be talking with connecticut senator richard blumenthal will join us to talk a little bit about the democrats' responsibility about this impending fiscal cliff. another story we're following, friends and family of kansas city chiefs jovan belcher looking for answers this morning after he killed his girlfriend and then took his own life. his team took to the field just a day after the tragedy. it was i guess kind of a somber victory. they beat the carolina panthers 27-21. just their second game of the season. saturday morning belcher shot his 22-year-old girlfriend kasandra perkins and then turned the gun on himself outside the practice facility. he and perkins leave behind a 3-month-old daughter. casey wian has been talking to chiefs players and coaches, all of them trying to figure out what was wrong. let's talk a little bit first about cro
in here at the end of the year, the consequences are very dire and following the election the white house and democrats think that they can really push republicans into a corner here. >> brianna keilar for us. thank you. just ahead we're going to be talking with connecticut senator richard blumenthal will join us to talk a little bit about the democrats' responsibility about this impending fiscal cliff. another story we're following, friends and family of kansas city chiefs jovan belcher...